Paul Ryan, via pre-recorded video, gives Koch donors credit for passing tax cut. "Because of your help we’ve been able to take the ball and run with it," Ryan says.
— Annie Linskey (@AnnieLinskey) January 28, 2018
Kochs super happy. Except for that nagging feeling that it could all go away. https://t.co/tv523xpWAg
— Annie Linskey (@AnnieLinskey) January 29, 2018
The Boston Globe:
… “We’ve made more progress in the past five years than I had in the last 50,” declared Charles Koch, the 82-year old billionaire, addressing a group of about 550 donors who gathered in Indian Wells for the Kochs’ winter policy and politics weekend seminar.
But this era of gains, which brought them a massive tax cut, a queue of conservative federal judges, and an administration full of friendly regulators, could all be gone if Democrats claw back control of the government.
So the vast network has pledged to devote around $400 million toward politics and policy in the midterms to hold the GOP majorities in both chambers. That’s 60 percent more than the network spent in 2014, when Republicans picked up nine seats in the Senate and 13 seats in the House of Representatives.
The sum includes $20 million that Koch and his brother David plan to put behind efforts to popularize the $1.5 trillion tax cut. The network spent $20 million last year pushing the legislation.
“We have a ways to go,” said Koch, teeing up his Big Ask to the well-coiffed group of donors who contribute at least $100,000 a year to Koch-aligned groups. “So my challenge to all of us is to increase the scale and effectiveness of this network by an order of magnitude. By another 10-fold on top of all the growth and progress we’ve already made. Because if we do that, I’m convinced we can change the trajectory of this country.”…
Voters have been skeptical of the tax law in part because much of the benefit is focused on businesses like those run by the Kochs and their allies. The tax cuts directly benefit Koch Industries by $1 billion to $1.4 billion a year, according to a recent analysis from Americans for Tax Fairness, a liberal advocacy group.